REGISTERED NUMBER: 04995978 (England and Wales)

Mountain Training Publications Limited

Unaudited Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr S M Wood

Mr S Davies

Dr R D Tiplady

Mr K Redmond

Mr G N Hassall

Ms L Robinson

Mr R Chapman

SECRETARY:

Mr J F G Cousins

REGISTERED OFFICE:

Siabod Cottage

Capel Curig

Conwy

LL24 0ES

REGISTERED NUMBER:

04995978 (England and Wales)

ACCOUNTANTS:

Salisbury & Company

Chartered Accountants

Irish Square

Upper Denbigh Road

St Asaph

Denbighshire

LL17 0RN

CURRENT ASSETS

Stocks

31,025

19,215

Debtors

4

12,762

6,152

Cash at bank

52,730

41,514

96,517

66,881

CREDITORS

Amounts falling due within one year

5

57,495

27,859

NET CURRENT ASSETS

39,022

39,022

TOTAL ASSETS LESS CURRENT LIABILITIES

39,022

39,022

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

7

39,020

39,020

SHAREHOLDERS' FUNDS

39,022

39,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2026 and were signed on its behalf by:

Mr S Davies - Director

1.	STATUTORY INFORMATION

Mountain Training Publications Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Mountain Training Publications Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Mountain Training UK Inc. Limited, .

Changes in accounting policies - gift aid

For accounting periods beginning on or after 1st January 2019 a deed of covenant must be in place between the two entities in order for the gift aid payment to be accrued for as a liability within the financial statements. If no covenant is in place, the gift aid donation is only recognised once it has been received.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

12,570

6,105

Other debtors

192

47

12,762

6,152

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

32,738

5,636

Amounts owed to group undertakings

22,521

19,965

Taxation and social security

308

795

Other creditors

1,928

1,463

57,495

27,859

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary Shares

£1

2

2

7.

RESERVES

Retained

earnings

£

At 1 January 2025

39,020

Profit for the year

16,078

Donations

(16,078

)

At 31 December 2025

39,020

8.	RELATED PARTY DISCLOSURES

As at 31st December 2025 there were covenants of £16,078 (2024: £13,909) owed to Mountain Training United Kingdom & Ireland Limited in relation to the profit for the year. The payment is due by 30th September 2026.

During the year Mountain Training United Kingdom & Ireland Limited invoiced the company £7,939 (2024: £9,997) for cleaning and other services.

As at 31st December 2025 £22,395 was owed to Mountain Training United Kingdom & Ireland Limited (2024: £19,635) and £126 (2024: £330) was owed to Mountain Training England.

9.	ULTIMATE PARENT COMPANY

The immediate and ultimate parent company is Mountain Training United Kingdom & Ireland Ltd, a registered charity incorporated in England and Wales. Mountain Training United Kingdom & Ireland Ltd is limited by guarantee. Mountain Training United Kingdom & Ireland Ltd owns 100% of the issued share capital of the company, therefore ultimate control lies with the trustees.